Common use of Limitation on Registrations Clause in Contracts

Limitation on Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if: (i) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Offering was consummated by either the Company or the Holders within the preceding 90 days; (ii) the Company has filed another Registration Statement (other than on Form S-8 or Form S-4 or any successor thereto) that has not yet become effective; (iii) the value of the Registrable Securities proposed to be sold by the initiating Holders is not reasonably expected (in the good faith judgment of the Board of Directors) to yield net proceeds of at least $25 million, in the case of a Shelf Registration on Form S-3, or in the case of an Underwritten Offering, of at least $50 million; provided that, for the purposes of clauses (i) and (ii), any Registration Statement withdrawn pursuant to Section ‎3.1(d) shall not affect the Company’s obligation to effect any Demand Registration.

Limitation on Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if: if (i) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Offering was consummated by either the Company or the Holders Principal Stockholder within the preceding 90 days; (ii) the Company has filed another Registration Statement (other than on Form S-8 or Form S-4 or any successor thereto) that has not yet become effective; (iii) the value of the Registrable Securities proposed to be sold by the initiating Holders is not reasonably expected (in the good faith judgment of the Board of Directors) to yield net proceeds of at least $25 million, in the case of a Shelf Registration on Form S-3, or in the case of an Underwritten Offering, of at least $50 million; provided provided, that, for the purposes of clauses (i) and (ii), any Registration Statement withdrawn pursuant to Section ‎3.1(d3.1(c) shall not affect the Company’s obligation to effect any Demand Registration.